| name | high-funding-carry-avoidance |
| description | Use when perpetual funding rates are elevated to avoid paying carry on directional longs, size entries appropriately, or flip to funding-harvesting posture. |
| category | agentic |
High Funding Rate — Carry Avoidance
When This Skill Activates
Apply this skill whenever any of the following conditions are observed on
HyperLiquid perpetual markets:
- 1h funding rate ≥ 0.05% (≥ 0.36% per day, ≥ ~131% annualised)
- 8h predicted funding ≥ 0.10% on the target asset
- Funding has been positive and above 0.03%/h for ≥ 3 consecutive intervals
- Open interest is rising while price is consolidating (carry-funded leverage buildup)
- Basis (perp − spot) spread > 0.3% on any liquid asset
Core Principle
Funding carry is a silent tax on directional longs (and a rebate on shorts).
In high-funding regimes, a position that is right on direction can still lose
money or underperform a simple spot hold due to carry bleed. Every entry
decision must be adjusted for the current funding regime before sizing.
Rule: Never enter or hold a leveraged long in a high-funding regime
without explicitly accounting for carry cost in your expected-value calculation.
Step-by-Step Carry Assessment
1. Fetch Current Funding Data
Before entering any perpetual position, retrieve:
GET /info → fundingHistory(coin, startTime, endTime)
GET /info → meta + assetCtxs → funding field (current predicted)
